MAISON RAXHON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAISON RAXHON
Largest movements
- Cash +€87,694
up €87,694 (+66.8%), from €131,252 to €218,947
mainly Net result for the year (+€97,723) and Depreciation (+€62,418)
- Intangible fixed assets -€48,000
down €48,000 (-22.7%), from €211,895 to €163,895
- Receivables within one year +€12,936
up €12,936 (+42.1%), from €30,739 to €43,675
of which Other amounts receivable: +€28,896
- Tangible fixed assets +€11,284
up €11,284 (+25.8%), from €43,805 to €55,089
of which Furniture and vehicles: +€11,939
- Profit (loss) carried forward +€97,723
up €97,723 (+134%), from €73,006 to €170,729
- Debts after one year -€30,909
down €30,909 (-17.2%), from €180,028 to €149,119
- Trade debts -€19,030
down €19,030 (-40.3%), from €47,188 to €28,158
- Tax, wage and social debts +€11,731
up €11,731 (+37.4%), from €31,394 to €43,125
of which Remuneration and social security: +€8,467
- Gross operating margin +€100,969
up €100,969 (+57.1%), from €176,883 to €277,852
- Staff costs +€42,370
up €42,370 (+92.1%), from €46,007 to €88,377
- Depreciation +€29,842
up €29,842 (+91.6%), from €32,576 to €62,418
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,047 | €497,233 | +€62,186 | +14.3% |
| Fixed assets | 21/28 | €255,700 | €218,984 | -€36,716 | -14.4% |
| Intangible fixed assets | 21 | €211,895 | €163,895 | -€48,000 | -22.7% |
| Tangible fixed assets | 22/27 | €43,805 | €55,089 | +€11,284 | +25.8% |
| Plant, machinery and equipment | 23 | €3,085 | €2,430 | -€655 | -21.2% |
| Furniture and vehicles | 24 | €40,720 | €52,659 | +€11,939 | +29.3% |
| Current assets | 29/58 | €179,347 | €278,248 | +€98,902 | +55.1% |
| Stocks and contracts in progress | 3 | €13,792 | €15,626 | +€1,834 | +13.3% |
| Stocks | 30/36 | €13,792 | €15,626 | +€1,834 | +13.3% |
| Amounts receivable within one year | 40/41 | €30,739 | €43,675 | +€12,936 | +42.1% |
| Trade receivables | 40 | €30,739 | €14,779 | -€15,960 | -51.9% |
| Other amounts receivable | 41 | - | €28,896 | +€28,896 | |
| Cash at bank and in hand | 54/58 | €131,252 | €218,947 | +€87,694 | +66.8% |
| Deferred charges and accrued income | 490/1 | €3,563 | - | -€3,563 | |
| Total equity and liabilities | 10/49 | €435,047 | €497,233 | +€62,186 | +14.3% |
| Equity | 10/15 | €78,006 | €175,729 | +€97,723 | +125% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,006 | €170,729 | +€97,723 | +134% |
| Amounts payable | 17/49 | €357,040 | €321,504 | -€35,537 | -10.0% |
| Amounts payable after more than one year | 17 | €180,028 | €149,119 | -€30,909 | -17.2% |
| Financial debts | 170/4 | €180,028 | €149,119 | -€30,909 | -17.2% |
| Amounts payable within one year | 42/48 | €176,950 | €172,384 | -€4,565 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €32,841 | €32,335 | -€505 | -1.5% |
| Trade debts | 44 | €47,188 | €28,158 | -€19,030 | -40.3% |
| Suppliers | 440/4 | €47,188 | €28,158 | -€19,030 | -40.3% |
| Taxes, remuneration and social security | 45 | €31,394 | €43,125 | +€11,731 | +37.4% |
| Taxes | 450/3 | €20,492 | €23,756 | +€3,264 | +15.9% |
| Remuneration and social security | 454/9 | €10,903 | €19,369 | +€8,467 | +77.7% |
| Other amounts payable | 47/48 | €65,526 | €68,765 | +€3,239 | +4.9% |
| Accrued charges and deferred income | 492/3 | €63 | - | -€63 | |
| Remuneration, social security and pensions | 62 | €46,007 | €88,377 | +€42,370 | +92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,576 | €62,418 | +€29,842 | +91.6% |
| Other operating charges | 640/8 | - | €469 | +€469 | |
| Gross operating margin | 9900 | €176,883 | €277,852 | +€100,969 | +57.1% |
| Operating profit (loss) | 9901 | €98,301 | €126,589 | +€28,288 | +28.8% |
| Financial income | 75/76B | €147 | €426 | +€278 | +189% |
| Recurring financial income | 75 | €147 | €426 | +€278 | +189% |
| Financial charges | 65/66B | €9,325 | €12,002 | +€2,677 | +28.7% |
| Recurring financial charges | 65 | €9,325 | €12,002 | +€2,677 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €89,123 | €115,012 | +€25,889 | +29.0% |
| Income taxes | 67/77 | €16,117 | €17,290 | +€1,173 | +7.3% |
| Profit (loss) for the period | 9904 | €73,006 | €97,723 | +€24,716 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,006 | €97,723 | +€24,716 | +33.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.